Weekly Market Pulse (VIDEO)
No Place to Hide! Alhambra CEO Joe Calhoun talks about the disastrous close to last week's market, its causes, and results.
Weekly Market Pulse: No Place To Hide
Well, that was an ugly week. Of the six major assets we track, only one was up last week - REITs. Large and small-cap stocks - down. General commodity indexes - down. Gold - down. Bonds - down. The early part of the week was actually pretty calm but Thursday and Friday - especially that close on the low Friday [...]
I Told You It *Wasn’t* Money Printing; How The Fed Helped Cause, But Can’t Solve, Our Current ‘Inflation’
Trust the Fed. Ha! It’s one thing for money dealers to look upon Jay Powell’s stash of bank reserves with remarkable disdain, more immediately damning when effects of the same liquidity premiums in the real economy create serious frictions leaving the entire world exposed to the consequences. When all is said and done, the Federal Reserve has created its own [...]
Weekly Market Pulse (VIDEO)
Alhambra CEO Joe Calhoun says it may be time to go contrarian. He specifically talks about stocks, bonds, & commodities.
Weekly Market Pulse: Time To Get Contrarian?
Remember, your goal in investing isn't to earn average returns; you want to do better than average. Thus your thinking has to be better than that of others - both more powerful and at a higher level. Since others may be smart, well-informed and highly computerized, you must find an edge they don't have. You must think of something they [...]
What, When, Nominal, Forward, Yes, Oil; or, Spreads Everywhere
February 2005, Federal Reserve Chairman Alan Greenspan goes before Congress to tell the simple-minded politicians there about his “conundrum.” They and the media eat it up because somehow the guy was declared the “maestro.” Even so, he had a major problem and it was nothing more than LT Treasury yields doing what they do; that is, pricing less growth and [...]
Weekly Market Pulse (VIDEO)
Alhambra CEO explains where the yield curve inversion went, what's happening to real interest rates, and the impact on the dollar and commodities.
Weekly Market Pulse: What Yield Curve Inversion
Well, that didn't last long. I wrote last week about the inversion of the 10-year/2-year term spread as the yield of the 2-year Treasury note rose above the yield of the 10-year Treasury note. Using end-of-day data, the curve inverted on Friday, April 1st, and stayed that way until....Monday, April 4th. The spread closed last Friday, April 8th at 19 [...]
Weekly Market Pulse (VIDEO)
Alhambra CEO Joe Calhoun reacts to last week's inversion of the yield curve and what investors should do now.
Weekly Market Pulse: What Now?
The yield curve inverted last week. Well, the part everyone watches, the 10-year/2-year Treasury yield spread, inverted, closing the week a solid 7 basis points in the negative. The difference between the 10-year and 2-year Treasury yields is not the yield curve though. The 10/2 spread is one point on the Treasury yield curve which is positively sloped from 1 [...]
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